M&A Deal Summary

Ferguson Acquires Parnell-Martin Management

On December 1, 2004, Ferguson acquired distribution company Parnell-Martin Management

Acquisition Highlights
  • This is Ferguson’s 8th transaction in the Distribution sector.
  • This is Ferguson’s 2nd transaction in the United States.
  • This is Ferguson’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2004-12-01
Target Parnell-Martin Management
Sector Distribution
Buyer(s) Ferguson
Deal Type Add-on Acquisition

Target

Parnell-Martin Management

Charlotte, North Carolina, United States
Parnell-Martin Management LLC is a wholesale distributor of plumbing products from 17 locations across Virginia, North Carolina, South Carolina, Georgia and Florida.

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Buyer(S) 1

Buyer

Ferguson

Wokingham, United Kingdom
Category Company
Founded 1887
Sector Distribution
Employees35,000
Revenue 29.7B USD (2023)
DESCRIPTION

Ferguson is a distributor of plumbing and heating products and a leading supplier of building materials. Ferguson was founded in 1887 and is based in Wokingham, United Kingdom.

DEAL STATS #
Overall 10 of 38
Sector (Distribution) 8 of 26
Type (Add-on Acquisition) 10 of 36
State (North Carolina) 1 of 3
Country (United States) 2 of 9
Year (2004) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-04 Murray Industrial

Edinburgh, United Kingdom

Murray Industrial Ltd. is a supplier of industrial supplies based in St. John's, Newfoundland. Operating from three branches, Murray Industrial has been providing industrial supplies to the energy, mining, pulp and paper sectors for more than 20 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 Taps Wholesale Bath Centre

Toronto, Ontario, Canada

Taps Wholesale Bath Centre, Inc. is the largest retail plumbing showroom in Ontario. Company provides bathroom hardware and accessories to contractors and consumers in North America.

Buy -
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